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PLDTPHS:TEL +0.64%79 Debt-to-Equity is 2.84 as of Mar. 2026, which is 29% above its 10-year median of 2.21. GuruFocus rates PHS:TEL with a GF Score™ of 79/100 and a GF Value™ of ₱1,344.72 (Fairly Valued). The stock has 5 warning signs investors should review. Among 323 Telecommunication Services companies, PLDT ranks worse than 91.64% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for PLDT's Debt-to-Equity or its related term are showing as below:
PHS:TEL'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.41 Med: 2.21 Max: 2.98
Current: 2.84
During the past 13 years, the highest Debt-to-Equity Ratio of PLDT was 2.98. The lowest was 1.41. And the median was 2.21.
PHS:TEL's Debt-to-Equity is ranked worse than 91.64% of 323
companies
in the Telecommunication Services industry
Industry Median: 0.61
vs PHS:TEL: 2.84
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
PLDT Debt-to-Equity Related Terms
PLDT Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for PLDT's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Telecom Services subindustry, PLDT's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
PLDT Debt-to-Equity vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, PLDT's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where PLDT's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PLDT (PHS:TEL) has a Debt-to-Equity of 2.84 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on PLDT and its competitors. This is 29% above median its historical median of 2.21. Over the past decade, PLDT's Debt-to-Equity has ranged from 1.41 to 2.98. According to the industry distribution chart, PLDT ranks #296 out of 323 companies in the Telecommunication Services industry, placing it in the top 91.6%.
Is PLDT's Debt-to-Equity too high?
PLDT's current Debt-to-Equity of 2.84 is 29% above median its 10-year median of 2.21. Over the past 10 years, this metric has ranged from a low of 1.41 to a high of 2.98. The Telecommunication Services industry median Debt-to-Equity is 0.61. PLDT's value of 2.84 is 365.6% above this industry median. Based on the distribution chart, PLDT ranks #296 out of 323 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, PLDT has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PLDT's Debt-to-Equity compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, PLDT ranks #296 out of 323 companies for Debt-to-Equity. This places PLDT in the lower half of its industry. The industry median Debt-to-Equity is 0.61. PLDT's value of 2.84 is 365.6% above this benchmark. Historically, PLDT's own Debt-to-Equity has ranged from 1.41 to 2.98 over the past decade. While the company's 10-year median is 2.21 vs. the industry median of 0.61, PLDT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Telecommunication Services company?
The median Debt-to-Equity among Telecommunication Services companies is 0.61, based on 323 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PLDT's current Debt-to-Equity of 2.84 is 365.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on PLDT and its competitors. For the Telecommunication Services industry, the median Debt-to-Equity is 0.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PLDT's current Debt-to-Equity is 2.84, which is 29% above median its own 10-year median of 2.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PLDT stock overvalued right now?
Based on GuruFocus' analysis, PLDT (PHS:TEL) is currently considered Fairly Valued. The stock's GF Value™ is ₱1,344.72, compared to a current price of ₱1,258.00 — trading 6.4% below its estimated fair value. The current Debt-to-Equity is 2.84, which is 29% above median its 10-year median of 2.21 and 365.6% above the Telecommunication Services industry median of 0.61. PLDT's overall GF Score™ is 79/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For PLDT (PHS:TEL), the current Debt-to-Equity is 2.84 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is PLDT (PHS:TEL) Overvalued in 2026?
Based on GuruFocus' analysis, PLDT stock appears to be undervalued.
The current stock price of ₱1,258.00 is trading 6.4% below its estimated GF Value™ of ₱1,344.72.
GuruFocus considers PLDT to be Fairly Valued.
Key valuation signals for PHS:TEL:
Debt-to-Equity: 2.84 (29% above median its 10-year median of 2.21)
GF Value™: ₱1,344.72 vs. price of ₱1,258.00 (6.4% below fair value)
Industry Position: 365.6% above the Telecommunication Services median (#296 of 323)
No single metric tells the full story. See the PHS:TEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PLDT Inc is a telecommunications and digital services provider. The group has three reportable operating segments: Wireless, Fixed Line, and Others. Maximum revenue is generated from its Fixed Line segment, which offers fixed line telecommunications services, servicing retail, corporate, and small and medium-sized enterprises clients. The Fixed Line business segment offers data, voice, and miscellaneous services. It also offers secure data centers, multi-cloud, cybersecurity, data, and artificial intelligence (AI) solutions through different subsidiaries. The Wireless segment generates revenue by offering access to mobile internet via smartphones, mobile broadband using pocket WiFi, or home WiFi using fixed wireless broadband devices. Geographically, the group operates in the Philippines.
79GF Score
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